The capital gains would be taxed in Karen's name. Th einterest income would be taxed in Skip's name.

Both the interest income and the apital gains would be taxed in Karen's name.

The capital gains would be taxed in Skip's name. The interest income would be taxed in Karen's name.

Both the interest income and the capital gains would be taxed in Skip's name.

$ 211,400

$ 25,000

$ 225,000

$ 0

Barney as a larger portion of his income is self-employment income which attracts at a lower rate

BArney as he has a tax deduction wherehas Fred only has a tax credit. Other than that, their incomes are the same.

Barney as his salary is lower

Fred as he has a tax credit whereas Barney only has a tax deduction. Other than, that their total incomes are the same.

T4 Form

It would not be reported

T5 Form

T3 Form

Splitting pension income between spouses can only be done when both spouses are retired and over age 65.

For retirees over age 65, RPP payments, RRIF payments, or RRSP annuity payments would qualify for income splitting

For retirees under age 65, RPP payments, RRSP withdrawals, OAS, and CPP payments would qualify for income splitting.

For retirees over age 65, RRSP withdrawals, RPP payments, OAS, and CPP payments would quaify for income splitting

$ 12,000

$5,000

$ 17,000

$6,000

Receive a tax receipt for $5,000

Get a tax credit of $5,000

Get a tax credit of $3,750

Receive a tax receipt of $2,500

Hannah will have approximately 15 more days to file her tax return.

Dan and Hannah will have identical deadlines unless it is Hannah's first year of self-employment or the year in which she is winding down her business in which case she would have a later deadline.

Hannah will have approximately 46 more days to file her tax return.

Dan and Hannah will have identical deadlins for filing their tax returns.

$ 105,000

$ 120,000

$ 60,000

$ 52,500

$ 22,100

$ 16,568.22

$ 45,700

$ 17, 275

$5,199.96

$ 7,200

$5,607.96

$7,800.00